SSIC stands for Singapore Standard Industrial Classification. It is a code that is assigned to each business activity. The Singapore Standard Industrial Classification (SSIC) is the national standard for classifying economic activities undertaken by economic units and is used in censuses of population, household and establishment surveys and in administrative databases. The SSIC adopts the basic framework and principles of the International Standard Industrial Classification of All Economic Activities (ISIC). It is reviewed and updated regularly to reflect significant changes in the structure of the Singapore economy and the emergence of new activities as well as to align with changes in international standards. This code is based on the latest SSIC version issued by the department of statistics. Over time, some SSIC codes may be added and others removed.
Each business entity is allowed two business activities and thus two SSIC codes, primary and secondary. The primary code is compulsory whereas the secondary code is optional. You will need to have an SSIC code in mind when starting your business entity. You may change your SSIC code when you need to. If you would like advice on selecting an SSIC code for your business entity, you may contact us.
When in doubt, seek legal advice or consult an experienced ACRA Filing Agent.
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